Soltis Investment Advisors LLC Sells 7,014 Shares of Cloudflare, Inc. $NET

Soltis Investment Advisors LLC trimmed its stake in Cloudflare, Inc. (NYSE:NET) by 21.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,437 shares of the company’s stock after selling 7,014 shares during the period. Soltis Investment Advisors LLC’s holdings in Cloudflare were worth $8,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NET. GK Wealth Management LLC bought a new stake in Cloudflare during the third quarter worth approximately $25,000. Toth Financial Advisory Corp bought a new position in shares of Cloudflare in the third quarter valued at approximately $36,000. Cornerstone Financial Management LLC raised its position in shares of Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after purchasing an additional 47 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cloudflare in the second quarter worth $30,000. Finally, CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the transaction, the director owned 868,073 shares in the company, valued at approximately $264,241,421.20. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 12,500 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This represents a 10.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 476,339 shares of company stock valued at $143,439,267 in the last ninety days. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Down 2.7%

NET opened at $310.04 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $109.59 billion, a price-to-earnings ratio of -534.56, a P/E/G ratio of 253.49 and a beta of 1.65. The business has a 50 day moving average of $320.74 and a 200-day moving average of $247.33.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Cloudflare’s revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NET. Raymond James Financial started coverage on shares of Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. DZ Bank lowered shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Piper Sandler boosted their target price on shares of Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Oppenheimer upped their price target on shares of Cloudflare from $380.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $370.00 price target on shares of Cloudflare in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.70.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.